| CANNEX Re-Registration

Canadian Bank Begins Using CANNEX Re-Registration and Automatic Interest Rate Updates

Toronto, ON, Canada — May 1, 2014

Portfolio+ Inc. is pleased to announce that a Canadian bank has begun using the internal re-registration and automatic interest rate update (AIU) features available when using Portfolio Plus and CANNEX.

"These two new services are the latest examples of how Portfolio+ Inc. and CANNEX continue to strengthen their commitment to creating better automated services for the Canadian GIC marketplace", said Alex Melvin, President of CANNEX.

Re-registration occurs when a customer decides they want their GIC in another investment plan at the same dealer. Normally, this type of change could take seven days or more. However using automated re-registration, this change can be realized in as little as a day. This eases the burden on personnel that are involved in the re-registration process as well as those involved in month end reconciliation activities.

Automated interest rate updates (AIU) virtually eliminate the risk of errors caused by the manual entry of interest rates. The AIU feature also ensures that the products being offered in the electronic GIC market reflect the latest updated interest rates of the issuing institution.

"At Portfolio+ Inc. we work closely with partners like CANNEX to ensure our customers have a market advantage," said G. Robert Leeming, President of Portfolio+ Inc.. "We believe the AIU and re-registration features will allow this bank to realize more efficiency in their day-to-day operations."

Portfolio Plus offers the most up to date CANNEX automated GIC functionality available on any financial software platform in today's market.

Portfolio Plus is used by banks, trust companies, and other financial organizations to implement their own flavour of financial products and services.

About CANNEX

CANNEX Financial Exchanges Limited is a privately held Canadian company that has provided data and information services to the financial services industries in Canada since 1983 and the United States since 1996.

CANNEX is an independent third party and is not licensed to sell financial products. None of its shareholders, directors or employees are licensed to sell financial products.

No financial institution or broker/agent organization owns or controls any shares of CANNEX.

About Portfolio+ Inc.

Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.

Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.

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